Tuesday, May 12, 2009

GOLD NOW PULLING BACK, WILL IT CONFIRM THE H&S PATTERN AND GO MUCH LOWER?


Dollar is acting weak by suddenly
dipping down to .8229, then moving
up to .8259, currently at .8255.
This is PPT assistance to keep it
from collapsing completely.
Dow is down 44, S&P is falling
Bonds are turning down
Oil is moving down
Yen is topping
Euro is moving down
All of which is NOT supportive
of gold moving higher, except for the
weak dollar. But gold will do whatever it
wants, being the Only Real Money on the Planet